Problem 1. Why is developing a financial plan an important part of the entrepreneur's planning process? What are the basic financial statements and how are these basic financial statements prepared and used in managing a small business?
Problem 2. What are some benefits and difficulties of the big three of cash management? What techniques may an entrepreneur use to avoid a cash crisis?
Problem 3. What are the types of capital a small business needs for operation? Describe difficulties entrepreneurs face when raising capital needed to start, operate, and expand a business. Use your text as the reference in answering this question.